Property Overview: 23 Radley Bay, Grassie, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home at 23 Radley Bay is a solid, middle-of-the-road property in Winnipeg's Grassie neighbourhood. Built in 1987, it features 1,308 sqft of living space, an attached garage, and a renovated basement. Its assessed value is notably lower than many in the immediate area, which can present an opportunity.
The appeal lies in its established location and functional layout. The home sits on a standard city lot and offers space that is perfectly adequate for a small family or couple. A key, less obvious perspective is its relative "vintage" advantage on its own street—it's one of the newer homes on Radley Bay, potentially meaning fewer major age-related surprises compared to immediate neighbours. However, its lot size is smaller than most on the street, which limits expansive outdoor possibilities but simplifies yard maintenance.
This property would best suit pragmatic, value-conscious buyers. It’s ideal for first-time homeowners who prioritize a move-in-ready basement and a stable neighbourhood over high-end finishes or large square footage. It could also appeal to downsizers seeking a manageable home without leaving a familiar community. The numbers suggest you’re buying a home that is average in many city-wide metrics but comes at a more accessible price point within its own desirable pocket of Grassie.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home was assessed at $38,700. It last sold in July 2024 for an estimated $40,500-$43,500, indicating the market price aligns closely with, or slightly above, its official valuation.
2. Is the lot size a significant drawback?
At 4,648 sqft, the lot is below average for both the street and the Grassie area. This means a smaller backyard but also less upkeep. It’s a trade-off that prioritizes low-maintenance outdoor space over privacy or room for expansions like a large deck or pool.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope or quality. This is a key detail to verify during a viewing, as it could range from updated flooring and paint to a fully finished legal suite or additional living space.
4. How does this home rank for its age and condition?
Built in 1987, this home is newer than 75% of all Winnipeg homes and is one of the newer homes on Radley Bay itself. This generally suggests potentially updated core systems (like plumbing or electrical) compared to much older stock, but a thorough inspection is still essential.
5. Who are the typical neighbours?
The listing shows nearby properties are almost exclusively single-family homes on the same street, indicating a stable, residential setting. The similar assessed values of comparison homes in other neighbourhoods suggest this area offers good value relative to other mature parts of Winnipeg.